Harbour Energy plc said it had encountered a 390ft gas column after completing drilling the Timpan-1 exploration well located 150km offshore Indonesia. OPERATIONS The well was drilled to a total vertical depth of 13,818ft subsea. The 390 foot gas column, found in a water depth of 4,245ft, is in a high net-to-gross, fine-grained sandstone reservoir […]
Tag: Harbour Energy plc
Harbour notes EIG reduction of shares to 16%
Harbour Energy plc said that investor EIG had reduced its notifiable interest in the company from 37% to 16%. BOARD MEMBERS In a statement, the oil and gas company added that the change reflected “a distribution of EIG’s shareholding in Harbour to certain of its underlying investors, rather than a sale of shares”. EIG is […]
Harbour begins $200m share buyback
Harbour Energy plc said it had today started a share buyback programme of the company’s ordinary shares for up to a maximum of $200 million. PROGRAMME The company has signed an irrevocable, non-discretionary agreements with its corporate brokers to execute the programme on its behalf. Harbour added that it continued to employ a disciplined and […]
Rockhopper reports second extension for Falklands deal
Rockhopper Exploration plc, Harbour Energy plc and Navitas Petroleum LP have extended the provisions of the heads of terms for oil interests in the North Falkland Basin. DATE The companies, which signed the deal in December 2021, first extended the date from 31 January to 31 March 2022. Today’s announced agreement extends the deadline from […]
Harbour CEO Europe Phil Kirk to step down
Harbour Energy plc said that Phil Kirk is to step down as executive director, president and CEO Europe. Mr Kirk who is considering other business opportunities will leave from 28 February 2022.
Rockhopper-Harbour-Navitas extend Falklands deal date
Rockhopper Exploration plc, Harbour Energy plc and Navitas Petroleum LP have extended the provisions of the signed heads of terms for its licences in the North Falkland Basin. TRANSACTION The deal will see Harbour sell its interests, leaving Rockhopper with 35% and Navitas 65% compared with 30% each previously. Rockhopper today said that the date […]